Guideline Value for Kalasattamman Koil Street

Kalasattamman Koil Street guideline value

The current guideline value of Kalasattamman Koil Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village under the Madhavaram SRO, classified as Residential Class V Type - I.

How the guideline value of Kalasattamman Koil Street has changed

The guideline value for Kalasattamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 1,800 per sq.ft in 2023, and then to Rs 1,900 per sq.ft in 2024, marking a 6% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

When looking at the changes between revisions, the value increased by 49% from 2017 to 2023, but saw a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 3,800 per sq.ft, with a median value of Rs 2,500 per sq.ft. Kalasattamman Koil Street's 2024 figure is below this median.

• Kalamegam Street: Rs 2,500 per sq.ft (2024)
• Kalidasan Street: Rs 2,500 per sq.ft (2024)
• Kakkanji Street: Rs 1,900 per sq.ft (2024)
• Kailasam Street: Rs 2,500 per sq.ft (2024)
• Kamaraj Lane: Rs 2,500 per sq.ft (2024)
• Kamaraj Nagar Cross Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kalasattamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total cost to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalasattamman Koil Street?

The Sub Registrar Office that covers Kalasattamman Koil Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Erukancherry

The guideline value is a crucial factor in the registration process when buying or selling property in Erukancherry. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Kalasattamman Koil Street?

The current guideline value of Kalasattamman Koil Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000, and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles the registration for Kalasattamman Koil Street?

The Madhavaram Sub Registrar Office handles the registration for Kalasattamman Koil Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

Are there other streets in Erukancherry with different guideline values?

Yes, there are other streets in Erukancherry with varying guideline values. For example, Kalamegam Street and Kalidasan Street both have a guideline value of Rs 2,500 per sq.ft in 2024.